The University of Illiniois and the College of Physicians and Surgeons of Chicago.

  • University of Illinois (Urbana-Champaign campus)
Date:
1906
Catalogue details

Licence: Public Domain Mark

Credit: The University of Illiniois and the College of Physicians and Surgeons of Chicago. Source: Wellcome Collection.

Provider: This material has been provided by the This material has been provided by the University of Illinois at Chicago, through the Medical Heritage Library. The original may be consulted at the University of Illinois at Chicago.

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    ized by the Board, it will be necessary to authorize an increase of the indebted- ness of the said College in accordance with Article 10 of the contract between the College of Physicians and Surgeons and the University of Illinois dated the ninth day of February, 1900. Your committee therefore recommends the adoption of the following preamble and resolutions: Whereas, by a resolution passed by this Board November 9, 1900, the College of Physicians and Surgeons of the City of Chicago was authorized to purchase for 8186,000 from the City of Chicago the property known as the West Division High School, which property is fully legally described in said resolution, and, Whereas, the said College of Physicians and Surgeons was further authorized on the same date to make permanent improvements to the building on said property to an amount not exceeding $5,000, and, Whereas, January 23, 1901, this Board by resolution authorized the College of Physicians and Surgeons to organize a School of Dentistry in said College of Medicine, and did on the 12th day of March, 1901, approve an agreement between the College of Physicians and Surgeons and the Illinois School of Dentistry, whereby the organization of a School of Dentistry in the College of Physicians and Surgeons is to be consummated by the purchase of the Illinois School of Dentistry for the sum of $17,000, and, Whereas, it is the intention of the College of Physicians and Surgeons to im- prove permanently the present building of the said College at a cost not to exceed $8,000, and to place therein the new school of Dentistry; now therefore, for the accomplishment of the above purposes, be it Resolved, that the College of Physicians and Surgeons be and is hereby authorized and permitted to increase its indebtedness to the amount and in manner as follows: On first mortgage against said West Division High School property to the Chicago Board of Education for five years at 6 per cent interest the sum of $86,000. In bonds of the corporation and secured by a second mortgage against said High School property running from 10 to 20 years at 6 per cent interest, the sum of $109,000. And it is further Resolved, that it be permitted to change the form of indebtedness of the College of Physicians and Surgeons secured by mortgage against the present building legally described in the contract between the said College of Physicians and Surgeons and the University of Illinois, dated the ninth day of February, 1900, and amounting to $21,000, from a note to bonds of the College of Physi- cians and Surgeons at a less rate of interest, not to exceed 6 per cent per annum, the said bonds to be secured by a mortgage on the said property. Respectfully submitted, S. A. BULLARD, T. J. SMITH, ALEX. MCLEAN. The report was adopted. [21 Rep't Univ. of Illinois, pp. 66, 67.] COLLEGE OF MEDICINE. RECEIPTS AND EXPENDITURES. The Committee on the College of Medicine made the following report: URBANA, ILL., Aug. 23, 1901. To the Board of Trustees. Your Committee on the College of Medicine begs leave to make the following statement of receipts and expenditures of the College of Medicine of the Uni- versity of Illinois for the year ending May 1, 1901.
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